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Note that, for natural gas price comparisons$, per million Btu multiplied by 1.025 = $ per Mcf of pipeline-quality gas, which is what is delivered to consumers. For rough comparisons, one million Btu is approximately equal to a thousand cubic feet of natural gas. [8]
One GGE of natural gas is 126.67 cubic feet (3.587 m 3) at standard conditions. This volume of natural gas has the same energy content as one US gallon of gasoline (based on lower heating values: 900 BTU/cu ft (9.3 kWh/m 3) of natural gas and 114,000 BTU/US gal (8.8 kWh/L) for gasoline). [22]
The price of natural gas varies greatly depending on location and type of consumer. The typical caloric value of natural gas is roughly 1,000 BTU per cubic foot, depending on gas composition. Natural gas in the United States is traded as a futures contract on the New York Mercantile Exchange. Each contract is for 10,000 million BTU or 10 ...
A standard cubic foot (scf) is a unit representing the amount of gas (such as natural gas) contained in a volume of one cubic foot at reference temperature and pressure conditions. It is the unit commonly used when following the customary system , a collection of standards set by the National Institute of Standards and Technology .
FPL relies mostly on natural gas to fuel its power plants, with two-thirds of its fuel mix in 2021 coming from natural gas, nearly 20% from nuclear and 4% from solar. FPL isn’t the only utility ...
The current national gas price average is $3.62 per gallon. The average cost of gas has decreased 15% in the last two years, from when it was $4.27 per gallon .
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